Entries by Matthew Hawkins

Simpler BAS

From 1 July 2017, small businesses will have less GST information to report on their Business Activity Statement (BAS). As a result of feedback and concerns from small businesses, tax professionals, industry associations and software providers, the ATO has reduced the amount of GST information required for small business to report on their BAS to […]

Big Brother (aka the ATO) is watching….

There has been a massive jump in the sophistication of the ATO’s information systems and data sharing capabilities this year, which means that those avoiding tax, fudging expenses and cash operators are no longer able to escape undetected.   Data analysis and information sharing within government departments is now broadly available, with the ATO able to […]

Is tap-and-go technology promoting financial illiteracy?

This week, the ABC have completed some research into the “tap-and-go generation” and found that from a survey of 1100 high school students many are confused about credit cards and how they work.  There appears to be a worrying trend of financial illiteracy amongst students which appears tap-and-go technology may be contributing to.  

Welcome to our new client portal service

We have talked about our client portal service previously, but now it has been up and running since 1 July 2017 we are pleased to say it has been even more successful than we initially thought.  The feedback that we are getting from you has been overwhelmingly positive, especially with regard to how easy it […]

Bunnings and the massive tradie tax fraud

Bunnings Warehouse has unwittingly found itself in the centre of a massive tradie tax fraud, with Bunnings’ ABN being used in more than 40% of all ABNs quoted in the Northern Territory.   According to the Black Economy Taskforce, these figures give Bunnings the dubious honour of having one of the most quoted ABNs in the entire country. So, […]

Client Portal

If you have already been in to see us to get your tax return done this financial year, chances are that you may have been asked to sign up to our new Client Portal.  We wanted to provide you with a bit more information regarding the Portal, as well as answer some common questions that […]

Deductions you can claim

Tax time is now well and truly under way and one of the questions that we often get is “what exactly can I claim?”  We all know that we are entitled to claim deductions for some expenses which are mainly related to earning our income, but here are some things that you need to know […]

Key taxation changes for 2017/18 and beyond

A number of taxation changes took effect from 1 July 2017 and onward.  Read on to see how you may be affected. Extension of accelerated depreciation rules Effective date: 1 July 2017 Small businesses have been granted a 12 month extension in claiming an immediate tax deduction for assets up to $20,000 purchased for use within […]

Identity theft and your business

If you run a business, it’s important that you know what information you need to protect and keep secure.  Some of the common ways that identity thieves can take your business details are by: Breaking into your business and stealing your physical records Taking photos of your business or employee details Stealing your passwords, account […]